Iridium Communications Stock Market Value
| IRDM Stock | USD 24.65 0.02 0.08% |
| Symbol | Iridium |
Iridium Communications Price To Book Ratio
Is Iridium Communications' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Iridium Communications. If investors know Iridium will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Iridium Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.847 | Dividend Share 0.52 | Earnings Share 0.12 | Revenue Per Share 6.296 | Quarterly Revenue Growth 0.005 |
The market value of Iridium Communications is measured differently than its book value, which is the value of Iridium that is recorded on the company's balance sheet. Investors also form their own opinion of Iridium Communications' value that differs from its market value or its book value, called intrinsic value, which is Iridium Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Iridium Communications' market value can be influenced by many factors that don't directly affect Iridium Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Iridium Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Iridium Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iridium Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Iridium Communications 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Iridium Communications' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Iridium Communications.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Iridium Communications on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Iridium Communications or generate 0.0% return on investment in Iridium Communications over 720 days. Iridium Communications is related to or competes with Thrivent High, Morningstar Unconstrained, Via Renewables, T Rowe, and 70082LAB3. Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the Unite... More
Iridium Communications Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Iridium Communications' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Iridium Communications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 15.91 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 2.64 |
Iridium Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iridium Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iridium Communications' standard deviation. In reality, there are many statistical measures that can use Iridium Communications historical prices to predict the future Iridium Communications' volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.72) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.73) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iridium Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Iridium Communications Backtested Returns
Iridium Communications holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. Iridium Communications exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Iridium Communications' Risk Adjusted Performance of (0.17), market risk adjusted performance of (0.72), and Standard Deviation of 2.37 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Iridium Communications returns are very sensitive to returns on the market. As the market goes up or down, Iridium Communications is expected to follow. Iridium Communications has an expected return of -0.61%. Please make sure to check out Iridium Communications kurtosis, and the relationship between the maximum drawdown and day median price , to decide if Iridium Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Iridium Communications has near perfect reversele predictability. Overlapping area represents the amount of predictability between Iridium Communications time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Iridium Communications price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Iridium Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 142.11 |
Iridium Communications lagged returns against current returns
Autocorrelation, which is Iridium Communications stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Iridium Communications' stock expected returns. We can calculate the autocorrelation of Iridium Communications returns to help us make a trade decision. For example, suppose you find that Iridium Communications has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Iridium Communications regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Iridium Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iridium Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iridium Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Iridium Communications Lagged Returns
When evaluating Iridium Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iridium Communications stock have on its future price. Iridium Communications autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Iridium Communications autocorrelation shows the relationship between Iridium Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Iridium Communications.
Regressed Prices |
| Timeline |
Iridium Communications Investors Sentiment
The influence of Iridium Communications' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Iridium. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Iridium Communications' public news can be used to forecast risks associated with an investment in Iridium. The trend in average sentiment can be used to explain how an investor holding Iridium can time the market purely based on public headlines and social activities around Iridium Communications. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Iridium Communications' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Iridium Communications' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Iridium Communications' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Iridium Communications.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Iridium Communications in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Iridium Communications' short interest history, or implied volatility extrapolated from Iridium Communications options trading.
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Try AI Portfolio ArchitectCheck out Iridium Communications Correlation, Iridium Communications Volatility and Iridium Communications Alpha and Beta module to complement your research on Iridium Communications. To learn how to invest in Iridium Stock, please use our How to Invest in Iridium Communications guide.Note that the Iridium Communications information on this page should be used as a complementary analysis to other Iridium Communications' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Iridium Stock analysis
When running Iridium Communications' price analysis, check to measure Iridium Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Iridium Communications is operating at the current time. Most of Iridium Communications' value examination focuses on studying past and present price action to predict the probability of Iridium Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Iridium Communications' price. Additionally, you may evaluate how the addition of Iridium Communications to your portfolios can decrease your overall portfolio volatility.
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Iridium Communications technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.